Petroleum Geo-Services buys back $800,000 of 2.7% convertibles

By Tali David

Minneapolis, Feb. 8 - Petroleum Geo-Services ASA repurchased $800,000 of its 2.7% convertible notes due Dec. 3, 2012, the company announced in a press release.

The bonds were redeemed at 100.25 on Feb. 7.

Following the transaction, Petroleum Geo-Services owns $223.3 million of the convertibles, representing 55.8% of the total outstanding issue, and 1,223,921 shares.

Petroleum Geo-Services is a Lysaker, Norway-based provider of geophysical services to the energy industry.

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